Biography of A. Gary Shilling

He is a dynamic speaker, bringing to his presentations his experience, knowledge, and uncanny forecasting ability. He serves as Associate Editor of Business Economics, the journal of the National Association of Business Economists. He is a columnist for Standard & Poor's CreditWeek and a member of The Nihon Keizai Shimbun (Japan Economic Journal) Board of Economists.

Dr. Shilling is well known for his forecasting record. In the spring of 1969 he was among the few who correctly saw that a recession would start late in the year. In 1973 he stood almost alone in forecasting that the world was entering a massive inventory building spree to be followed by the first major worldwide recession since the 1930s. In the late 1970s, when most thought that raging inflation would last forever, he was the first to predict that the changing political mood of the country would lead to an end of severe inflation, as well as to potentially serious financial and economic readjustment problems, and a shift in investment strategy from one favoring tangible assets to emphasis on stocks and bonds. Subsequently, he has become known as "Doctor Disinflation."

Before establishing his own firm in 1978, Dr. Shilling was Senior Vice President and Chief Economist of White, Weld & Co., Inc. Earlier he set up the Economics Department at Merrill Lynch, Pierce, Fenner & Smith at age 29 and served as the firm's first chief economist. Prior to Merrill Lynch, he was with Standard Oil Co. (NJ)--now Exxon-- where he was in charge of U.S. and Canadian economic analysis and forecasting.